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Iran and Oman Near Landmark Deal to Manage Strait of Hormuz
Iran and Oman are close to agreeing on joint management of the Strait of Hormuz, media have reported...
The U.S. Is Walking Into Iran’s Escalation Trap
“I feel like a jackass caught in a Texas hailstorm -- I can’t run, I can’t hide and I can’t make it stop.” U.S. President Lyndon B. Johnson’s desperate comment to aide, Bill Moyers, came after a massi ...
Kazakhstan Restarts CPC Oil Exports After Week-Long Black Sea Shutdown
Kazakhstan resumed crude exports through the Caspian Pipeline Consortium (CPC) on Monday after the operator reopened its Black Sea marine terminal and resumed accepting crude from producers following ...
Leaked UK Grid Report Warns Net Zero Push Raises Blackout Risks
The UK’s net zero push risks leaving the country with higher electricity bills and more susceptible to blackouts, according to a leaked report commissioned by the national grid system. The report, pro ...
Red Sea Tanker Traffic Falls to Multi-Month Low After Houthi Threats
Tanker traffic through the Bab el-Mandeb Strait slumped to a multi-month low on Sunday amid Houthi attacks on Saudi oil infrastructure on the Red Sea coast. Only 11 tankers carrying commodities transi ...
Oil Prices Plunge 5% After U.S. and Iran Halt Attacks
Oil prices plunged by more than 5% in early Asian trade on Monday as the U.S. and Iran halted attacks after two weeks of escalation that had driven Brent above $100. At the time of writing, WTI crude ...
Saudi Red Sea Crude Exports Have Sank 41% Since March Peak
Saudi Arabia, which at the start of the Iran war redirected virtually all crude exports through its East-West pipeline to Yanbu on the Red Sea, has seen crude exports from Yanbu crumble by 41% to abou ...
No Breakthrough as Top U.S. and Russian Diplomats Meet Over Ukraine
The top US and Russian diplomats met in a new push to find an end to Moscow's more-than-four-year-old war on Ukraine, but both sides signaled no new breakthroughs or cause for optimism. The July 23 me ...
Saudi Crude Tanker Goes Dark to Slip Through Bab el-Mandeb
At least one oil tanker carrying Saudi crude oil has transited the Bab al-Mandeb Strait with its transponder switched off as risks to vessels in the Red Sea spiked this week after the Houthis announce ...
The Middle East War Has Entered Its Most Dangerous Phase Yet
Politics, Geopolitics & Conflict Iran has spent the week attacking the military infrastructure that allows the U.S. to wage war across the Middle East. After 12 consecutive nights of U.S. strikes on I ...
Trump Administration Eyes Offshore Nuclear to Power AI Boom
The Trump administration is studying the deployment of offshore nuclear power generation, with the Marine Minerals Administration and the Nuclear Regulatory Commission agreeing this week to coordinate ...
Insurers Flock to Oil Projects Outside the Middle East
Global insurers had just shaken off the ESG push from earlier this decade when the Middle East conflict upended oil and gas upstream project coverage. The world’s lowest-cost oil and gas producing reg ...
U.S. and Ukraine Sign Landmark Drone Cooperation Agreement
Ukraine and the United States have signed a bilateral statement of intent that lays the groundwork for an unprecedented defense partnership, allowing Ukrainian combat drones to be exported to the Unit ...